Toread Holdings Group Co., Ltd. (SZSE:300005) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 8.61 per share.

The repurchased shares will be used to safeguard the company's value and shareholders' rights, and will be sold within the specified period in accordance with relevant repurchase rules and regulatory guidelines. The authorization will be valid for a period of 3 months.